“It’s almost an anti-stimulus package.They begin to repeal the 1996 welfare reform, they dramatically increase the amount of government spending, they turn more power over to big government, they turn money over to state and local officials without any reforms, and, frankly, they also begin to set all sorts of interference in the private market which will make it much harder for Americans to compete with foreign companies.So you’re setting the stage for American businesses to begin to behave like bureaucracies.” Gingrich

Instead of what has been done with bailouts and ‘stimulus’ packages, Gingrich was advocating the following:

12 American Solutions for Jobs and Prosperity, by Newt GingrichFeb. 2009

8.Abolish Taxes on Capital Gains. Match China, Singapore and many other competitors. More investment in America means more jobs in America.

9.Protect the Rights of American Workers. We must protect a worker’s right to decide by secret ballot whether to join a union, and the worker’s right to freely negotiate. Forced unionism will kill jobs in America at a time when we can’t afford to lose them.

10.Replace Sarbanes-Oxley. This failed law is crippling entrepreneurial startups. Replace it with affordable rules that help create jobs, not destroy them.

11.Abolish the Death Tax. Americans should work for their families, not for Washington.

12.Invest in Energy and Transportation Infrastructure. This includes a new, expanded electric power grid and a 21st Century air traffic control system that will reduce delays in air travel and save passengers, employees and airlines billions of dollars per year.

Input from Ollie North:

“ . . . the Obama administration and their supporters on Capitol Hill need to understand that when it comes to spending, there are few things government can do that has a more immediate, positive effect on jobs and the overall the economy than expenditures on national defense.Ronald Reagan knew that. In his first 100 days in office, he took his arguments for cutting taxes and rebuilding the U.S. military — including a 600-ship Navy — to the American people. He persuaded them and they in turn convinced the liberals running Capitol Hill that these measures were essential for the country. The result was a dramatic rebound in jobs and economic growth from the “malaise” and “stagflation” of the Carter years and significant improvements in the quality, capabilities and readiness of our Armed Forces.Regrettably, this lesson appears to have been missed by Obama and his advisers. The administration has now made it clear that they intend to cut defense spending — even though we are at war and despite the job losses it will entail. Just days before the inauguration, White House chief of staff Rahm Emanuel stated in televised interviews that “on an annual basis we have about $300 billion in cost overruns” from the Defense Department. The interviewers — on NBC and PBS — failed to ask him to identify where he found these “overruns” in a $527 billion wartime budget. It apparently doesn’t matter. This week, the Office of Management and Budget (OMB) ordered the Pentagon to show how it can cut $55 billion from the Fiscal Year 2010 defense program.”

What Bob Cesca and others here fail to realize is the issue does not distill down to economics exclusively even though growing numbers are seeing through the lies concerning Reaganomics, ‘tax cuts for the rich,’ and the rest of the Leftist propaganda designed wholly to encourage class warfare, envy and a repudiation of economic liberty. No, rather people are deeply concerned about the concentration of power in D.C., the centralized exercise of such power, the likelihood of tyranny with the attendant shrinkage of liberty. There are indeed two Americas: one embraces hard work, individual responsibility, small central government, low taxes, strong national defense and maximum freedom; the other embraces the welfare state, dependence on government, collective responsibility, enormous federal government, weak national defense, and the relinquishing of freedom in deference to ‘experts’ managing everything cradle to grave via bureaucracy. We shall see which side wins out, but one thing is for sure: we are in for battles royale from here on out.

For a clearer picture of the benefits of Reaganomics and the benefits derived for all, plus an explanation of how government created the current crisis, consult these articles:

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